RM (LON:RM) Stock Passes Below 200-Day Moving Average – Here’s Why

RM plc (LON:RM) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 105.64 and traded as low as GBX 103.49. RM shares last traded at GBX 105, with a volume of 162,034 shares trading hands.

RM Stock Performance

The company has a market cap of £88.69 million, a price-to-earnings ratio of -1.91, a PEG ratio of 0.40 and a beta of 2.19. The firm’s 50 day simple moving average is GBX 111.20 and its 200-day simple moving average is GBX 105.64. The company has a debt-to-equity ratio of 543.30, a quick ratio of 0.38 and a current ratio of 1.00.

RM Company Profile

RM plc supplies products, services, and solutions to educational markets in the United Kingdom, Europe, North America, Asia, the Middle East, and internationally. It operates through three divisions: RM TTS, RM Assessment, and RM Technology. The company designs and owns proprietary products for schools; and offers platform delivery of digital assessment and exam marking solutions for accreditors, educators, and learners. It also provides technical teaching solutions, in which it collaborates with teachers and educational experts to create learning resources; platform-based managed services, ICT solutions, and value-added reseller services to schools, authorities, and trusts.